Progressing at a CAGR of 4.4%, the global endoscopic ultrasound needles market is projected to increase from a valuation of USD 180.2 Million in 2022 to USD 223.5 Million by the end of 2027.
| Attribute | Details |
|---|---|
| Endoscopic Ultrasound Needles Market Size (2022) | USD 180.2 Million |
| Sales Forecast (2027) | USD 223.5 Million |
| Global Market Growth Rate (2022 to 2027) | 4.4% CAGR |
| Share of Top 5 Market Players | 50% |
Sales of endoscopic ultrasound needles accounted for 1.5% share of the global special purpose needles market in 2021.
| Particulars | Details |
|---|---|
| H1, 2021 | 4.64% |
| H1, 2022 Projected | 4.59% |
| H1, 2022 Outlook | 4.19% |
| BPS Change - H1, 2022 (O) – H1, 2022 (P) | (-) 40 ↓ |
| BPS Change – H1, 2022 (O) – H1, 2021 | (-) 45 ↓ |
The comparative analysis and market growth rate of global endoscopic ultrasound needles market as studied by Future Market Insights, will show a negative BPS growth in H1-2022 outlook as compared to H1-2022 projected period by 40 BPS, and, a negative BPS growth is expected in H1-2022 over H1- 2021 duration with 45 Basis Point Share (BPS).
The market observed a decline in the growth of the BPS values owed to the adverse events reported with endoscopic ultrasound needles, primarily for pain, infection, acute pancreatitis, and bleeding. This factor relates to the lowered product utilization rates, thus lowering the BPS values.
Conversely, with the introduction of the endoscopic ultrasound-guided fine-needle aspiration technique, the market for endoscopic ultrasound needles is set to witness a positive growth outlook over the forecast period. This technique is useful for the screening of diseases, and pathological diagnosis, which is an essential component of healthcare, especially after the recent advent of the global coronavirus pandemic.
The market is subject to changes as per the disease epidemiology, product adoption rate, and device regulatory dynamics, in accordance to the macro and industry factors.
Rising Advancements in Endoscopic Ultrasound Needle Technology to Accelerate Market Growth
Demand for endoscopic ultrasound needles rose at a CAGR of 4.4% from 2013 to 2021.
Endoscopic ultrasound (EUS) is a minimally invasive treatment that uses both visual and ultrasonic imaging to examine the thoracic and abdominal areas. The rising prevalence of gastrointestinal and stomach cancer around the world is expected to have a significant impact on the market. The market is predicted to see significant expansion due to the growing elderly population.
Physicians are focusing on using high-definition endoscopic ultrasound needle technology and endoscopic ultrasound biopsyneedles using better technology to get more accurate images of the gastrointestinal tract as compared to ultrasound and offer minimally invasive access to areas that are difficult to reach.
Manufacturers in the endoscopic ultrasound needles market are focusing on providing fine needle biopsy (FNB) technology to provide information on tissue architecture and a large amount of tissue for another ancillary testing.
Recently FNB devices have become commercially available and studies have also shown FNB needles to be more appropriate with greater accuracy than FNA needles. This is likely to drive demand for FNB needles in the endoscopic ultrasound needles market.
The market for endoscopic ultrasound needles is anticipated to rise at a CAGR of 4.4% over the forecast period of 2022 to 2027.
Rising Preference for Minimally-Invasive Surgeries to Boost Market Expansion
Owing to advanced robotic devices, healthcare providers are able to perform minimally invasive and safe surgical procedures. Endoscopic surgery is gaining traction as it uses advanced technology to reach internal organs with help of small incisions resulting in less pain, and quick recovery as compared to the traditional methods of surgery.
These factors are likely to drive the demand for endoscopic ultrasound needles in minimally invasive surgeries.
With the rise in digestive and lung diseases, endoscopic ultrasound is finding wide application as it is a minimally invasive procedure. Moreover, endoscopic ultrasound needles, including FNA, have emerged as a minimally-invasive alternative to exploratory surgery.
High Cost of Endoscopic Ultrasound Needles Restraining Market Growth
Market expansion is being hampered by lack of skilled professionals with expertise in operating with endoscopic ultrasound needles.
The market for endoscopic ultrasound needles will be hindered by high costs, the risk of infection, and stringent rules and regulations imposed by numerous government organizations.
Asia Pacific is expected to emerge as the lucrative region in the endoscopic ultrasound needles market, offering profit-making opportunities for key stakeholders in the endoscopic ultrasound needles market.
Increasing incidences of chronic diseases in the region is a key factor fueling the demand for bronchial EUS needles. Rising awareness about healthcare and increasing healthcare expenditure are likely to propel market growth in the region.
High Adoption of EUS Techniques for Gastrointestinal Disease Treatments
The market in the USA is developing due to the increasing use of advanced diagnostic methods in pulmonology, cancer, and gastroenterology, as well as the presence of keymarket players.
The USA leads the endoscopic ultrasound needles market owing to a rise in the number of diagnostic centers, the better healthcare infrastructure, growing adoption of EUS techniques for the treatment of gastrointestinal disorders.
Rising Investments by Government Organizations for Healthcare Development
Pharmaceutical and Biotechnology companies are focusing on establishing new production facilities in China due to the low cost of manufacturing. Moreover, the rise in investment by government organizations in the healthcare sector is also accelerating endoscopic ultrasound needles market growth.
The market in China is projected to rise attributed to the widespread adoption of endoscopy, growing awareness about early cancer diagnosis, and the rising demand for minimally invasive procedures.
High Prevalence of Gastrointestinal Tract-Related Cancers to Propel Demand for Aspiration Needles (EUS-FNA)
Aspiration needles (EUS-FNA) are expected to account for 53.7% share of the endoscopic ultrasound needles market in 2022. Endoscopic ultrasound-guided fine-needle aspiration (EUS-FNA) is widely used to diagnose both tumor and inflammatory lesions located in and adjacent to the gastrointestinal tract.
Aspiration needles (EUS-FNA) have become an integral part of the diagnosis. The rise in stomach cancer cases is driving the demand in the endoscopic ultrasound needles market including fine needle aspiration as the leading method to diagnosegastrointestinalcancer.
Growing usage of these needles in pulmonology & gastroenterology and continuous technological advancements are driving the demand for aspiration needles (EUS-FNA).
Ambulatory Surgical Centers Gaining Traction Owing to Safe Endoscopic Ultrasound Procedures & Expert Healthcare Teams
The market can be divided into three types of end users such as hospitals, ambulatory surgical centers, and specialty clinics. Ambulatory surgical centers are projected to expand at the quickest rate because of the rising number of these centers and the increasing number of endoscopic ultrasound procedures conducted in ambulatory surgical centers.
Ambulatory surgery centers are gaining pace in the market due to the minimally invasive and non-surgical treatment that may be performed through the colon or upper GI tract.
Leading manufacturers of endoscopic ultrasound needles are investing in advanced technologies and research & development activities for new product launches. Geographical expansion by collaborating with regional players is also a key focus area of endoscopic ultrasound needle suppliers.
For instance,
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2027 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | Value in USD Million, Volume in Units |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Mexico, Argentina, Germany, Italy, France, UK, Nordic, Spain, Japan, China, India, Malaysia, Thailand, Australia, GCC Countries, South Africa, Turkey |
| Key Market Segments Covered | Product, Application, End User, Region |
| Key Companies Profiled | ACE Medical Devices Pvt. Ltd.; Boston Scientific Corporation; CONMED Corporation; Cook Group Incorporated; Medi-Globe Corporation; Medtronic Plc; Micro-Tech Endoscopy; Olympus Corporation; Medline Industries, Inc.; CIVCO Medical Solutions; Protek Medical Products Inc.; Spectra Medical Devices, Inc.; Limaca-medical |
| Pricing | Available upon Request |
Table 01: Global Market Value (US$ Mn) and Volume (Procedure Number) Forecast, by Product, 2013–2027
Table 02: Global Market Size (US$ Mn) Forecast, by Application, 2013–2027
Table 03: Global Market Size (US$ Mn) Forecast, by End-user, 2013–2027
Table 04: Global Market Value (US$ Mn) and Volume (Procedure Number) Forecast, by Country/Region, 2013–2027
Table 05: North America Market Value (US$ Mn) and Forecast, by Country, 2013–2027
Table 06: North America Market Value (US$ Mn), Volume (Procedure Number), ASP (US$) Forecast, by Product, 2013–2027
Table 07: North America Market Value (US$ Mn) Forecast, by Application, 2013–2027
Table 08: North America Market Size (US$ Mn) Forecast, by End-user, 2013–2027
Table 09: Europe Market Value (US$ Mn) and Forecast, by Country/Sub-region, 2013–2027
Table 10: Europe Market Value (US$ Mn), Volume (Procedure Number), ASP (US$) Forecast, by Product, 2013–2027
Table 11: Europe Market Value (US$ Mn) Forecast, by Application, 2013–2027
Table 12: Europe Market Size (US$ Mn) Forecast, by End-user, 2013–2027
Table 13: Asia Pacific Market Value (US$ Mn) and Forecast, by Country/Sub-region, 2013–2027
Table 14: Asia Pacific Market Value (US$ Mn), Volume (Procedure Number), ASP (US$) Forecast, by Product, 2013–2027
Table 15: Asia Pacific Market Value (US$ Mn) Forecast, by Application, 2013–2027
Table 16: Asia Pacific Market Size (US$ Mn) Forecast, by End-user, 2013–2027
Table 17: Latin America Market Value (US$ Mn) and Forecast, by Country/Sub-region, 2013–2027
Table 18: Latin America Market Value (US$ Mn), Volume (Procedure Number), ASP (US$) Forecast, by Product, 2013–2027
Table 19: Latin America Market Value (US$ Mn) Forecast, by Application, 2013–2027
Table 20: Latin America Market Size (US$ Mn) Forecast, by End-user, 2013–2027
Table 21: Middle East & Africa Market Value (US$ Mn) and Forecast, by Country/Sub-region, 2013–2027
Table 22: Middle East & Africa Market Value (US$ Mn), Volume (Procedure Number), ASP (US$) Forecast, by Product, 2013–2027
Table 23: Middle East & Africa Market Value (US$ Mn) Forecast, by Application, 2013–2027
Table 24: Middle East & Africa Market Size (US$ Mn) Forecast, by End-user, 2013–2027
Figure 01: Global Market Revenue Projection (US$ Mn), 2013–2027
Figure 02: Global Market Value Share, by Product, 2021
Figure 03: Global Market Value Share, by Application, 2021
Figure 04: Global Market Value Share, by Region, 2021
Figure 05: Global Market Value Share, by End-user, 2021s
Figure 06: Global Market Value Share Analysis, by Product, 2021 and 2027
Figure 07: Global Market Attractiveness Analysis, by Product, 2022–2027
Figure 08: Global Market Value (US$ Mn) and Y-o-Y Growth, by Aspiration Needles (EUS-FNA), 2013–2027
Figure 09: Global Market Value (US$ Mn) and Y-o-Y Growth, by Biopsy Needles (EUS-FNB), 2013–2027
Figure 10: Global Market Value Share Analysis, by Application, 2021 and 2027
Figure 11: Global Market Attractiveness Analysis, by Application, 2022–2027
Figure 12: Global Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by Bronchial Needles, 2013–2027
Figure 13: Global Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by Enteral Needles, 2013–2027
Figure 14: Global Market Value Share Analysis, by End-user, 2021 and 2027
Figure 15: Global Market Size (US$ Mn) and Y-o-Y Growth, by Hospitals, 2013–2027
Figure 16: Global Market Size (US$ Mn) and Y-o-Y Growth, by Ambulatory Surgical Centers, 2013–2027
Figure 17: Global Market Size (US$ Mn) and Y-o-Y Growth, by Specialty Clinics, 2013–2027
Figure 18: Global Market Attractiveness Analysis, by End-user, 2022–2027
Figure 19: Global Market Value Share Analysis, by Region/Country, 2021 and 2027
Figure 20: Global Market Attractiveness Analysis, by Region, 2022–2027
Figure 21: North America Market Size (US$ Mn) Forecast, 2013–2027
Figure 22: North America Market Attractiveness Analysis, by Country
Figure 23: North America Market Value Share Analysis, by Country/Sub-region, 2021 and 2027
Figure 24: North America Market Value Share Analysis, by Product, 2021 and 2027
Figure 25: North America Market Attractiveness Analysis, by Product, 2022–2027
Figure 26: North America Market Value Share Analysis, by Application, 2021 and 2027
Figure 27: North America Market Attractiveness Analysis, by Application, 2022–2027
Figure 28: North America Market Value Share Analysis, by End-user, 2021 and 2027
Figure 29: North America Market Attractiveness Analysis, by End-user, 2022–2027
Figure 30: Europe Market Size (US$ Mn) Forecast, 2013–2027
Figure 31: Europe Market Size, Y-o-Y Growth Projection, 2021–2027
Figure 32: Europe Market Attractiveness Analysis, by Country/Sub-region
Figure 33: Europe Market Value Share Analysis, by Country/Sub-region, 2021 and 2027
Figure 34: Europe Market Value Share Analysis, by Product, 2021 and 2027
Figure 35: Europe Market Attractiveness Analysis, by Product, 2022–2027
Figure 36: Europe Market Value Share Analysis, by Application, 2021 and 2027
Figure 37: Europe Market Attractiveness Analysis, by Application, 2022–2027
Figure 38: Europe Market Value Share Analysis, by End-user, 2021 and 2027
Figure 39: Europe Market Attractiveness Analysis, by End-user, 2022–2027
Figure 41: Asia Pacific Market Size (US$ Mn) Forecast, 2013–2027
Figure 42: Asia Pacific Market, Y-o-Y Growth Projection, 2021–2027
Figure 43: Asia Pacific Market Attractiveness, by Country/Sub-region
Figure 44: Asia Pacific Market Value Share, by Country/Sub-region, 2021 and 2027
Figure 45: Asia Pacific Market Value Share, by Product, 2021 and 2027
Figure 46: Asia Pacific Market Attractiveness, by Product, 2022–2027
Figure 47: Asia Pacific Market Value Share, by Application, 2021 and 2027
Figure 48: Asia Pacific Market Attractiveness, by Application, 2022–2027
Figure 49: Asia Pacific Market Value Share, by End-user, 2021 and 2027
Figure 50: Asia Pacific Market Attractiveness, by End-user, 2022–2027
Figure 51: Latin America Market Size (US$ Mn) Forecast, 2013–2027
Figure 52: Latin America Market Attractiveness Analysis, by Country/Sub-region
Figure 53: Latin America Market Value Share Analysis, by Country/Sub-region, 2021 and 2027
Figure 54: Latin America Market Value Share Analysis, by Product, 2021 and 2027
Figure 55: Latin America Market Attractiveness Analysis, by Product, 2022–2027
Figure 56: Latin America Market Value Share Analysis, by Application, 2021 and 2027
Figure 57: Latin America Market Attractiveness Analysis, by Application, 2022–2027
Figure 58: Latin America Market Value Share Analysis, by End-user, 2021 and 2027
Figure 59: Latin America Market Attractiveness Analysis, by End-user, 2022–2027
Figure 60: Middle East & Africa Market Size (US$ Mn) Forecast, 2013–2027
Figure 61: Middle East & Africa Market Attractiveness Analysis, by Country/Sub-region
Figure 62: Middle East & Africa Market Value Share Analysis, by Country/Sub-region, 2021 and 2027
Figure 63: Middle East & Africa Market Value Share Analysis, by Product, 2021 and 2027
Figure 64: Middle East & Africa Market Attractiveness Analysis, by Product, 2022–2027
Figure 65: Middle East & Africa Market Value Share Analysis, by Application, 2021 and 2027
Figure 66: Middle East & Africa Market Attractiveness Analysis, by Application, 2022–2027
Figure 67: Middle East & Africa Market Value Share Analysis, by End-user, 2021 and 2027
Figure 68: Middle East & Africa Market Attractiveness Analysis, by End-user, 2022–2027
Figure 69: Global Market Share Analysis, by Company, 2022 (Estimated)
Figure 71: Boston Scientific Corporation Revenue (US$ Bn) & Y-o-Y Growth (%), 2013–2021
Figure 72: Boston Scientific Corporation Breakdown of Net Sales, by Region, 2021
Figure 73: Boston Scientific Corporation Breakdown of Net Sales, by Business Segment, 2021
Figure 74: Medtronic Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2022
Figure 75: Medtronic R&D Expenses and Marketing & Sales Expenses (US$ Mn), 2013–2022
Figure 76: Medtronic Breakdown of Net Sales, by Region, 2022
Figure 77: Medtronic Breakdown of Net Sales, by Business Segment, 2022
Figure 78: CONMED Corporation Revenue (US$ Mn) and Y-o-Y Growth (%), 2013–2021
Figure 79: CONMED Corporation R&D Spending and Sales & Marketing Expenses – Company Level, 2013–2021
Figure 80: CONMED Corporation Breakdown of Net Sales, by Region, 2021
Figure 81: CONMED Corporation Breakdown of Net Sales, by Business Segment, 2021
Figure 82: Olympus Corporation Revenue (US$ Mn) and Y-o-Y Growth (%), 2013–2021
Figure 83: Olympus Corporation Breakdown of Net Sales, by Business Segment, 2021
Figure 84: Olympus Corporation Breakdown of Net Sales, by Region, 2021
The global endoscopic ultrasound needles market is expected to reach a valuation of USD 223.5 Million by 2027.
ACE Medical Devices Pvt. Ltd., Boston Scientific Corporation, CONMED Corporation, Cook Group Incorporated, and Medi-Globe Corporation are key manufacturers of endoscopic ultrasound needles.
The endoscopic ultrasound needles market is estimated to exhibit a CAGR of 4.4% during the forecast period (2022 to 2027).
Aspiration needles account for 53.7% share of the endoscopic ultrasound needles market.
Growing prevalence of cancer cases, rising geriatric population, and overwhelming increase in diseases requiring endoscopic ultrasound procedures are key trends driving market growth.
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Endoscopic Ultrasound Needles Market
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